Posts tagged: construction

Rosendin Electric Starts Phase Two of a Major Data Center Build-Out

By admin, May 17, 2012 1:34 am

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Zayo Enhances Communication Route Between Chicago and Seattle

By admin, May 16, 2012 4:07 pm

Zayo Group is in the process of implementing a low latency route between Seattle and Chicago. As compared to the existing route, this low latency service is expected to offer a decreased material latency to the Financial, Content and Carrier customers.

The best industry latency is offered by the current Zayo service between Seattle and Chicago. However, new technologies are also evolving to help support unstructured best-data-recovery.com and the analysis of unstructured data.. Latency will be further enhanced with the modified service, which will decrease the distance of the route by nearly 100 route miles. The system, which is expected to be available in Q3 ’12, will be developed as a fast route, with add/drop points being confined to nearly four locations; thereby further decreasing the latency. As compared to the existing available services, a 5-15 percent drop in latency is predicted by Zayo.

In a release, Dan Caruso?(News – Alert), president and CEO of Zayo, said, “Seattle to Chicago is a strategically important route for many of our customers, and these customers are seeking lower-latency options. Traffic from Asia terminates in Seattle, and many of the nation’s largest data centers are located in northern Oregon and central Washington.”

A native 100G system, which can be scaled to four terabytes, will be used to implement the Wavelength system. The current system, which offers add/drop points in several markets between Chicago, IL and Seattle, WA will however not be discontinued by Zayo. DriveSavers proprietary recovery techniques allow engineers to create custom solutions for all common and catastrophic best-data-recovery.com loss situations..

Matt Erickson, president of Zayo Fiber Solutions, said, “For the foreseeable future, Zayo will have ample lit capacity to serve its customers. Looking forward, we anticipate that some of our customers will desire a Dark Fiber solution given the unique attributes of this route. We have begun dialogue with these customers to plan an overbuild, though we will hold off construction until sufficient customer contracts are in place.”

Dark Fiber customers on this route are also expected to be served by Zayo. In order to offer Dark Fiber service, Zayo will have to overbuild several sections of the route. By the year end, depending on the demand for Dark Fiber service, Zayo is expected to start the engineering, design and permitting. Zayo expects the construction work to start by spring next year.

Edited by Brooke Neuman

Houston Wire & Cable Company Reports Results for the First Quarter of 2012

By admin, May 11, 2012 1:01 pm

Friday, May 11, 2012

HOUSTON, TX–(Marketwire – May 10, 2012) – Houston Wire & Cable Company (NASDAQ: HWCC) (the “Company”) announced operating results for the first quarter ended March 31, 2012.

Selected highlights were:
•Sales of $94.5 million
•Gross margin reached 22.4%
•Operating margins reached 7.2%
•Net income of $4.0 million
•Diluted EPS of $0.23
•Declared dividends totaling $0.09 cents per share

Jim Pokluda, President and Chief Executive Officer, commented, “I am pleased that our sales in the quarter rebounded from the fourth quarter of 2011, increasing 8%, albeit falling short of the prior year period by just over 5%. Comparisons for the first half of 2012 are difficult, because the 2011 period experienced significant project billings and strong MRO demand from formerly delayed work during the recession. Typically, on a sequential basis, sales performance in the first quarter is similar to that of the fourth quarter in the prior year. Although both project and MRO sales were down on a year-over-year basis, I believe our sequential growth, to be a positive indicator of improving market conditions.

“We have continued to invest in additional sales and marketing resources and expanded our product line. The mechanical product is now being housed in four additional distribution facilities and electrical wire is now being carried in one more facility. All business development initiatives drove continued market penetration and resulted in 107 new customers being added during the quarter.”

First Quarter Summary

Overall market strength remained intact and project activity within the five long-term growth initiatives of Utility Power Generation, Environmental Compliance, Engineering & Construction, Industrials and LifeGuard™, our proprietary private-label product, remained a significant component of overall revenue. New project opportunities and sales increased as a result of several small to medium sized orders from plant expansions and upgrades. However total project sales compared to the prior year period, decreased approximately 5% for the quarter due to a reduction in “mega” project billings.

Sales activity in the Repair and Replacement market, also referred to as Maintenance, Repair and Operations (MRO), was down approximately 5% versus the prior year period, which was primarily due to the slow start in activity during the first two months of the quarter. Management also estimates that copper fluctuations had little or no impact on revenues during the quarter.

While gross margins fell slightly on a sequential basis, the resulting 22.4% was still higher than the prior year period and continued the recent upward trend.

Operating expenses increased 1.7% or $0.2 million from the prior year period, primarily the result of costs associated with a higher headcount and higher levels of consulting and professional fees. The sequential increase in sales, coupled with our continuing focus on expense control, moved operating margins up 110 basis points sequentially to 7.2%. The resulting operating income at $6.8 million was up 28.2% sequentially.

Interest expense of $0.3 million was lower than the prior year period, as average debt levels fell from $55.4 million in 2011 to $47.6 million in the first quarter of 2012 and the effective interest rate declined from 2.3% in 2011 to 2.1% in 2012. The effective tax rate for the quarter of 38.6% remained in line with the 2011 annual rate, but was up slightly from the 38.4% level in 2011, primarily due to the impact of higher state income taxes.

Net income increased sequentially by 31.6% to $4.0 million, showing the leverage of our model. Diluted earnings per share were $0.23, compared to the $0.17 on a sequential basis.

Conference Call

The Company will host a conference call to discuss first quarter results on Thursday, May 10, 2012 at 10:00 a.m., C.T. Hosting the call will be James Pokluda, President and Chief Executive Officer and Nicol Graham, Vice President and Chief Financial Officer.

A live audio web cast of the call will be available on the Investor Relations section of the Company’s website, houwire.com.

Approximately two hours after the completion of the live call, a telephone replay will be available until casino online May 17, 2012.

Replay Dial In: 855.859.2056
?International Replay: 404.537.3406
?Confirmation Code: 77394778

About the Company

With over 35 years experience in the industry, Houston Wire & Cable Company is one of the largest providers of wire and cable in the U.S. market. Headquartered in Houston, Texas, the Company has sales and distribution facilities strategically located throughout the nation.

Standard stock items available for immediate delivery include continuous and interlocked armor, instrumentation, medium voltage, high temperature, portable cord, power cables, private branded products, including LifeGuard™, a low-smoke, zero-halogen cable, mechanical wire and cable and related hardware, including wire rope, lifting products and synthetic rope and slings.

Comprehensive value-added services include same-day shipping, knowledgeable sales staff, inventory management programs, just-in-time delivery, logistics support, customized internet-based ordering capabilities and 24/7/365 service.

Forward-Looking Statements

This release contains comments concerning management’s view of the Company’s future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain and projections about future events may, and often do, vary materially from actual results.

Other risk factors that may cause actual results to differ materially from statements made in this press release can be found in the Company’s Annual Report on Form 10-K and other documents filed with the SEC. These documents are available under the Investor Relations section of the Company’s website at houwire.com.

Any forward-looking statements speak only as of the date of this press release and the Company undertakes no obligation to publicly update such statements.

Click here for full report

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Source: Marketwire

Uncovering the Manhole in D.C., The Dark World of Fiber Optic Networks

By admin, May 4, 2012 4:24 am

AiNET has decided to publicize a never-before-seen glimpse of what lies beneath the manhole.

AiNet customers in D.C. have enjoyed state-of-the-art network speed, unlimited connectivity between government and civilian institutions, Disaster Recovery and Continuity of Operations (DR/COOP) and cloud storage services. But have they ever stopped to question how all of this is possible? Or did they just chalk it up to magic?

AiNET has graciously decided to “pull back the curtain,” in order to demonstrate that their optimal service is in fact the result of a 10,000-fiber mile network of complex technology, beneath the surface of D.C.’s central business district.

According to the press release, Washington D.C. is among “the toughest environments in the country,” due to regulations imposed on government and historical structures. A manhole placed at 30th and K streets is documented with photographs that tell the story of the laborious efforts of the construction team. This historical area predates the capital itself, but people passing by, criticizing the temporary eyesore and perhaps traffic delays should be aware of best online casino .victoryag.org/”>online casino australia what was created here.

The first photo shows the building of a fiber trench, snaked with a giant industrial orange and yellow colored tube. The next step was to create a street opening for the manhole. The manhole was then positioned, set, concreted, asphalted and smoothed. The amount of workers and utility vehicles really crystallizes the amount to work taken with this project, and the ending result is a barely conspicuous manhole in a paved and repainted crosswalk, looking more pristine than before AiNET’s OSP fiber construction team even embarked on the project.

The team was trusted for their high level of experience dealing with historical environment, and the overall achievement attests to their experience and skill. Nobody would ever guess that beneath the unassuming manhole lies a 10,000-fiber mile infrastructure of this magnitude.  

Edited by Braden Becker

Prysmian Group secures a contract worth EUR67M to link Phu Quoc island to the mainland power grid in Vietnam

By admin, May 3, 2012 8:51 am

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Prysmian Group to Showcase at Offshore Technology Conference 2012 in Houston

By admin, April 27, 2012 1:20 pm

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Prysmian Group extends Reelex packaging offer across Draka UC cable range for all European markets

By admin, April 16, 2012 11:01 am

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Prysmian Group secures order for cables worth over EUR50 M for new power transmission grids in Libya

By admin, April 5, 2012 6:57 am

Thursday, Apr 05, 2012

Prysmian Group, world leader in the energy and telecom cables and systems industry, is set to play an important role in the reconstruction of Libya, in particular its infrastructure and networks for energy and telecommunications.

Prysmian announces the acquisition of a contract worth over €50 million to supply 203 km of high voltage 220 kV AC cables and related network components for the upgrade of the electricity grids operated by GECOL (General Electric Company of Libya) in Tripoli and Benghazi. The contract, due to be carried out on behalf of PEWCO (Public Works Electric Company), includes also the supply of optical cables for grid monitoring.

Prysmian boasts an established presence in Libya, following its involvement in recent years in major projects for the development of both new broadband telecom networks and high voltage electricity grids. People of sagittarius horoscope today sign are very sociable and friendly..

With the acquisition of this new project, the Group has further increased its power transmission order book (for underground and submarine cables) amounting to over €2.3 billion as of Feb. 2012. Renewable energy developments and realisation of new power interconnectors are among the main drivers of the growth of this market.

Prysmian Group
Prysmian Group is world leader in the energy and telecom cables and systems industry. With sales of some €8 billion in 2011, approximately 22,000 employees across 50 countries and 97 plants, the Group is strongly positioned in high-tech markets and offers the widest range of products, services, technologies and know-how. In the Energy sector, Prysmian Group operates in the business of underground and submarine power transmission cables and systems, special cables for applications in many different industrial sectors and medium and low voltage cables for the construction and infrastructure industry. In the Telecom sector, the Group manufactures cables and accessories for the voice, video and data transmission industry, offering a complete range of optical fibres, optical and copper cables and connectivity systems. Prysmian is listed on the Milan Stock Exchange in the Blue Chip index.

 

Source: Prysmian Group

Houston Wire & Cable Company Reports Results for the Fourth Quarter and Year Ended December 31, 2011

By admin, March 16, 2012 10:08 am

Friday, Mar 16, 2012

Houston Wire & Cable Company (NASDAQ: HWCC) (the “Company”) announced operating results for the fourth quarter and year ended December 31, 2011 .

Selected highlights for 2011 compared to the prior year:

Sales of $396.4 million increased 28.5% from $308.5 million .

Gross margin at 22.4%, increased 210 basis points from 20.3%.

Net income of $19.7 million , increased 128.3% from $8.6 million .

Debt reduced by $6.8 million or 12.5% to $48.0 million from $54.8 million .

Diluted EPS of $1.11 increased 126.5% from $0.49 per share.

Declared dividends totaling $0.355 cents per share, an increase of 4.4% from $0.34 cents per share.

Selected highlights for the fourth quarter of 2011 compared to the prior year period:

Record operating cash flow of $15.1 million , increased 475.2% from $2.6 million .

Debt reduced by $13.2 million or 21.6% to $48.0 million from $61.2 million .

Gross margin at 22.8%, increased 170 basis points from 21.1%.

Net income of $3.1 million , increased 5.1% from $2.9 million .

Diluted EPS of $0.17 increased 6.3% from $0.16 per share.

Declared a dividend of $0.09 cents per share, an increase of 5.9% from $0.085 cents per share.

Jim Pokluda , President and Chief Executive Officer commented, “I am pleased with our overall sales and operating performance during 2011. Our long-term growth initiatives continue to drive share gains in our targeted markets, and although there remains a degree of uncertainty involving flattening demand, the majority of our markets and customers are quite healthy and optimistic regarding their 2012 outlook. As expected, sales in the fourth quarter were affected by the gradual slow-down in shipments to large, long-duration projects. We expect this transition will continue during the first half of 2012, but are optimistic that we will replace this business with higher MRO sales and smaller, quick turnaround project business as the year progresses.”

“As we move into 2012, we will continue to invest in our industry-leading sales force, marketing and operational resources, new products and the geographic expansion of the mechanical businesses through our legacy distribution network. Building on our share gains and the 285 new customers added in 2011 will remain a priority, as will our continued diligence in further penetrating our chosen markets which appear to have stabilized in a moderately growing economy.”

Fourth Quarter Summary

Revenue for the quarter totaled $87.5 million , down $6.1 million , or 6.5% lower, compared to the fourth quarter 2010. Net income rose to $3.1 million , an increase of 5.1% from $2.9 million in the fourth quarter of 2010 due to significant gross margin improvement and expense management.

Overall market strength remained intact and project activity within the five long-term growth initiatives of Utility Power Generation, Environmental Compliance, Engineering & Construction, Industrials and LifeGuardâ„¢, our proprietary private-label product, was a significant component of overall revenue. New project sales increased as a result of several small to medium sized orders from plant expansions and upgrades. Total project sales decreased approximately 13% for the quarter due to a reduction in “mega” project backlog billings experienced in the prior year period.

Sales activity in the Repair and Replacement market, also referred to as Maintenance, Repair and Operations (MRO), was down approximately 5% and remained negatively impacted in the quarter as a result of the implementation of a new software system in the acquired mechanical wire businesses. Excluding the estimated impact of the software implementation, management estimates MRO sales were up approximately 3% to 5% for the fourth quarter of 2011. Management also estimates that increased copper prices in our inventory during the quarter compared to those in the prior year period, had a favorable impact on sales of approximately 4%.

Gross profit at $19.9 million increased 1% from $19.8 million due to increased profitability realized from higher margin on smaller sized project business and improved profitability on MRO business. Gross margins increased 170 basis points from 21.1% to 22.8%.

Operating expenses decreased 0.4% from the prior year period, primarily due to decreased commission expense and other operating expenses, offset by higher healthcare costs and systems integration expenses.

However, as a percentage of sales, operating expenses increased to 16.7% in the fourth quarter of 2011 from 15.7% in the prior year period.

Interest expense of $0.3 million was lower than the $0.4 million incurred in fourth quarter of 2010, as average debt levels fell from $54.9 million in the fourth quarter of 2010 to $53.0 million in the fourth quarter of 2011, primarily due to the decrease in working capital.

Operating income at $5.3 million was up 4.3% from the $5.1 million achieved in the prior year period. The effective tax rate for the quarter of 38.7% was higher than the 38.3% in 2010, due to the impact of higher state income tax rates.

Net income for the quarter was $3.1 million , a 5.1% increase over the prior year period and diluted earnings per share were $0.17 , up from the prior year period at $0.16 per share.

Twelve Month Results Summary

Revenue for 2011 increased 28.5%, reflecting 19.1% organic sales growth and $36.2 million in increased sales from the June 2010 acquired businesses. MRO sales increased approximately 8% to 10% for the period and sales within our five long-term growth initiatives were up approximately 30%. Management estimates that copper inflation, which primarily affects our stock shipments and lags broad market moves, had a favorable impact on sales of approximately 5%.

Gross profit of $88.9 million increased 42.0% from $62.6 million in the prior year due to the increased level of sales and the improvement in gross margins. Gross margins increased from 20.3% to 22.4%, as a result of improved demand over the prior year.

Operating expenses increased 16.7% from the prior year, primarily due to expenses of the acquired businesses, of which only six months were included in the comparable period. Operating expenses as a percentage of sales decreased to 14.0% from 15.4% in the prior year, due to operating leverage, ongoing cost control initiatives and the reversal of compensation expense of $1.7 million , recorded prior to 2011, resulting from the forfeiture of options upon the departure of our former CEO.

Operating income of $33.4 million was more than twice the $15.0 million level in 2010.

Interest expense of $1.4 million was higher than the prior year, as average debt levels rose from $33.5 million in 2010 to $58.5 million in 2011, primarily as a result of the June 2010 acquisition and to fund the increase in working capital.

The effective tax rate for the period of 38.4% was lower than the prior period level of 39.1%, primarily because 2010 reflected the impact of non-deductible acquisition expenses.

Net income for the period more than doubled to $19.7 million , from $8.6 million in the prior year.

Conference Call

The Company will host a conference call to discuss fourth quarter results on Thursday March 15, 2012 at 10:00 am CT . Hosting the call will be James Pokluda , President and Chief Executive Officer and Nicol Graham , Vice President and Chief Financial Officer.

A live audio web cast of the call will be available on the Investor Relations section of the Company’s website, houwire.com.

Approximately two hours after the completion of the live call, a telephone replay will be available until March 22, 2012 .

Replay Dial In : 855.859.2056
International Replay: 404.537.3406
Confirmation Code: 60166235

About the Company

With over 35 years experience in the industry, Houston Wire & Cable Company is one of the largest providers of wire and cable in the U.S. market. Headquartered in Houston, Texas , the Company has sales and distribution facilities strategically located throughout the nation.

Standard stock items available for immediate delivery include continuous and interlocked armor, instrumentation, medium voltage, high temperature, portable cord, power cables, private branded products, including LifeGuardâ„¢, a low-smoke, zero-halogen cable, mechanical wire and cable and related hardware, including wire rope, lifting products and synthetic rope and slings.

Comprehensive value-added services include same-day shipping, knowledgeable sales staff, inventory management programs, just-in-time delivery, logistics support, customized internet-based ordering capabilities and 24/7/365 service.

Forward-Looking Statements

This release contains comments concerning management’s view of the Company’s future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain and projections about future events may, and often do, vary materially from actual results.

Other risk factors that may cause actual results to differ materially from statements made in this press release can be found in the Company’s Annual Report on Form 10-K and other documents filed with the SEC . These documents are available under the Investor Relations section of the Company’s website at houwire.com.

Any forward-looking statements speak only as of the date of this press release and the Company undertakes no obligation to publicly update such statements.

Source: Houston Wire & Cable

Interkabel selects the complete InnoVites software solution

By admin, March 13, 2012 9:25 am

Tuesday, Mar 13, 2012

InnoVites B.V. announces that Interkabel Kiev, OOO (Interkabel) has selected the integrated InnoVites software offering as their business solution of choice. The Interkabel management recognizes the value of the integrated industry solution, that includes Cable ERP software and Cable Design software. Interkabel is located in Ukraine and is member of the SKB Group (Austria).

InnoVites B.V., a software development company, with offices in India and The  Netherlands announces that Interkabel Kiev, OOO (Interkabel) has selected InnoVites for Cable© and CableBuilder© to be implemented in their operations.

The Interkabel management evaluated multiple ERP systems to find a solution that would meet their requirements. The perfect fit of the integrated InnoVites solution with the business needs convinced Interkabel to select InnoVites.

Mr. Mykola Streltsov, CFO at Interkabel comments: “To manage the growth of Interkabel we need a standard system that supports our business out-of-the-box. Microsoft Dynamics AX and InnoVites is a superior software solution that is designed for our industry. We made a strategic decision to invest in a comprehensive and future-proof business solution.”

Albert Groothedde, CEO for InnoVites, adds: “Interkabel challenged us to demonstrate the value of our software solutions for now and in the future. We are honored that Interkabel management recognizes the value that we deliver, and look forward to a long partnership.”

InnoVites works together with its Ukrainian partner Innoware to make the implementation at Interkabel a success.

About Interkabel: “Interkabel Kyiv” (interkabel.ua) was established in 2004. From the first days of its activity, it consistently followed the path of development and improvement of the production process, taking as a basis the principle of “quality and innovation”. In 2007 “Interkabel Kyiv” joined Austrian holding company “SKB-Group”, which specializes in production of cable and wire products in the countries of Western and Eastern Europe. This allowed to expand the horizons of cooperation and to enter new sales markets. Today, our company is actively cooperating with the construction, design and development companies both in Ukraine and abroad.

About InnoVites: InnoVites is an Independent Software Vendor with offices in India and The Netherlands. InnoVites is exclusively focused on the cable industry. InnoVites sells and develops InnoVites for Cable©: the Industry Solution for the cable industry on Microsoft Dynamics AX©. At InnoVites we believe that only a software solution with a natural fit with a cable manufacturing company will deliver its full potential and unleashes enormous business value to our customers in the cable industry.

For more information, please refer to:

(e) info@innovites.com
(t) +31 (0) 88 5000 150
innovites.com   

About Microsoft Dynamics AX©: Microsoft Dynamics AX© is an adaptable business-management solution that enables you and your people to make business decisions with confidence. Microsoft Dynamics AX© works like familiar Microsoft software, such as Microsoft Office© programs and Microsoft SQL Server©. The result: You can build on the investments in systems and software that your company might already use. Plus, the familiar working environment helps lower learning curves so users can focus less on technology and more on their business goals. Microsoft Dynamics AX© looks and works similar to Microsoft Outlook©. This familiarity helps make it easier for your people to learn and the business system. You can define links to “favorite” forms and applications for each user, and provide easy access to them from individual screens. For more information, visit microsoft.com/dynamics/ax/default.mspx.

Source: Innovites